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Net sales increased by 8% to $2.34 billion, EBIT by 7% to $375 million.
July 21, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY reports its results from second quarter 2017. Net sales were SEK 19,387 million ($2.34 billion), an increase of 8%. Good growth was shown by EMEA, Americas, Global Technologies and Entrance Systems and negative growth by Asia Pacific. Contracts have been signed for the acquisition of five companies with expected combined annual sales of about SEK 900 million ($108 million). Operating income (EBIT) increased by 7% to SEK 3,114 milion ($375 million). The operating margin was 16.1%. ...
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